Hapag-Lloyd reported that its freight rates continued to recover in the third quarter, standing at 1,060 USD/TEU after nine months (prior-year period: 1,037 USD/TEU).

It added that the basic parameters for the 2017 forecast remain unchanged from those published in the 2017 half-year financial statement, with a significant rise in transport volumes, a significant rise in bunker price and an unchanged average freight rate.

Hapag-Lloyd also said it expects EBITDA and EBIT to rise significantly.

Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said: “The good operating result that we have achieved after three quarters is not only due to the positive development of the global economy and the increasing global container transportation volume.

“The quick and smooth integration of UASC into the Hapag-Lloyd Group has also played a crucial role. We have already been able to realize the first synergies resulting from the merger which will help us to further solidify our position in the sector.”

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